Personal Income Decelerates in February

PCE March 28Personal income increased 0.2 percent in February after increasing 0.5 percent in January. Wages and salaries, the largest component of personal income, decreased 0.1 percent in February after increasing 0.6 percent in January.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.2 percent in February after increasing 0.4 percent in January.

Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in February, the same increase as in January.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.2 percent in February after remaining flat in January. Spending on durable goods increased 0.3 percent in February after decreasing 0.8 percent in January.

PCE prices decreased 0.1 percent in February after increasing 0.1 percent in January. Excluding food and energy, PCE prices increased 0.1 percent in February after increasing 0.3 percent in January.

Personal saving rate
Personal saving as a percent of DPI was 5.4 percent in February and 5.3 percent in January.

Real DPI March28

For more information, read the full report.


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